3 Tech Stocks Poised to Gain

While all eyes have been trained on the Fed, shares of IBM, Corning and JDS Uniphase have been setting up bullish long-term chart patterns.

When major market news is about to break, technicals usually take a back seat. After all, they attempt to assess market conditions based on all information that is already known. Clearly, what the Federal Reserve signaled Wednesday was the topic of fierce debate among market pundits, and in the end the market was caught off guard by the decision not to taper.

To cope with such events, it is always a good idea to step back and take a look at long-term trends. Technology stocks, with some glaring exceptions such as Apple...